Oil Gives Stocks No Traction

With investors jittery over costly crude and Mideast tensions, S&P's Sam Stovall says the S&P 500 may end 2004 below its current level

Worry over oil prices and international politics could leave the stock market at yearend a bit below where it is today, says Sam Stovall, chief investment strategist of Standard & Poor's. Stovall sees the S&P 500 index at 1,130 when 2004 winds up, against an Oct. 6 close of 1,142.

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